Greyhound to Buy Trailways in 80 Million Deal
Greyhound Lines announces an 80 million dollar purchase of Trailways Corp to create the nation's only national intercity bus company pending government approval. The deal includes 450 of Trailways 1200 buses and three subsidiaries with Greyhound planning to keep Trailways branding in many routes.
MENTIONED IN THIS ARTICLE
Greyhound Lines Inc
Trailways Corp
Greyhound
Cedar Rapids
Burlington Trailways
Fred Currey
Washington
Trailways
Currey
Interstate Commerce Commission
Amtrak
Airlines
Dallas
Greyhound Corp
Eagle International Inc
Brownsville
Texas
Trailways Food Service Inc
Trailways Commuter Transit Inc
Iowa
the Gazette
Connecticut
Massachusetts
Michigan
Montana
Nebraska
Wyoming
Colorado
Nevada
West Virginia
Ronald Moore
Burlington
St. Louis
Des Moines
Greyhound Buses
Stocks reach new highs as Dow gains amid triple witching hour
The Dow Jones industrial average climbs 12.72 to 2420.85 with a weekly rise of 43.12 as volume hits 220.48 million on NYSE. Merck leads gains up 3 percent on cholesterol drug interest, while IBM, Exxon and Coca-Cola advance and Bank of Iowa dips. Eastern Iowa firms Longview Fibre Rockwell Square D rise modestly as 13 of 25 regional stocks gain.
MENTIONED IN THIS ARTICLE
Wall Street
New York Stock Exchange
Standard & Poor
Merck
International Business Machines
International Paper
Exxon
Coca-Cola
American Telephone & Telegraph
Iowa
Longview Fibre
Rockwell International
Square D
Penwest
NYSE
Exchange
S&p
Cedar Rapids Airport Concessions Rebrands to Concession Air Corp
Delaware North Companies has renamed its Cedar Rapids airport concessions unit from SC Airport Concessions to Concession Air Corp. Airport manager Bill Rankin says customers should see no change despite the rebranding.
MENTIONED IN THIS ARTICLE
SC Airport Concessions
Cedar Rapids Municipal
Concession Air Corp
Delaware North Companies
Sky Chefs Inc
Delaware North
Buffalo
N.Y
Bill Rankin
Cedar Rapids
Ohio thrift head freed after acquittal in 1980s collapse case
Marvin Warner, former president of Home State Savings Bank and former U S ambassador to Switzerland, was found innocent on all 18 federal counts linked to a 1985 savings and loan collapse. The ruling follows earlier state convictions in the same case as Ohio faced a statewide financial crisis.
MENTIONED IN THIS ARTICLE
Ann Arbor
Mich
Marvin Warner
Ohio
Home State Savings Bank
Florida
Warner
U.S
Switzerland
ESM Government Securities Inc
Fort Lauderdale
Fla
ESM
Home State
Richard Celeste
May Heat Raises U S Air Conditioning Costs by 300 Million
The Climate Impact Assessment for May shows residential cooling costs at 2.8 billion dollars, about 300 million above normal. The average May AC cost per home was just over 68 dollars, roughly seven dollars higher than typical. Regional figures vary with the East South Central and West South Central regions seeing the largest increases.
MENTIONED IN THIS ARTICLE
Washington
May
Chrysler to acquire Electrospace Systems in $367 million deal
Chrysler Corp announced it will buy Texas based Electrospace Systems Inc for 367 million dollars reentering the defense business. Electrospace founded in 1969 in a Cedar Rapids home has 2500 employees and key government contracts with the Air Force and Army.
MENTIONED IN THIS ARTICLE
Chrysler Corp
Electrospace Systems Inc
Electrospace
Cedar Rapids
Collins Radio Co
Collins Radio
Rockwell International
James Lightner
Robert Carrel
Richard Fenwick
Milton Holcombe
Chrysler
New York Stock Exchange
Defense
Chrysler Defense Inc
Gulf Aerospace Corp
American Motors Corp
Michael Lauer
Oppenheimer & Co
New York
Lauer
Carrel
Richardson
Texas
Waco
Washington, D.C
Lightner
Electrospace Systems
Lee Iacocca
Oppenheimer
Iowa cities rally for US West advanced tech facility
Iowa economic officials from six metro areas plan a joint bid to lure US West to Iowa. About 25 representatives from Cedar Rapids, Iowa City, Des Moines, Ames, Quad Cities, and Waterloo Cedar Falls attended the meeting. US West pursues a $50 million to $55 million research facility employing 1500, with data requests due by July 15 nationally and July 6 from Iowa communities. Burmeister says the effort focuses on marketing Iowa’s benefits and collaboration among cities.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
US West
Advanced Technologies
Glenn Burmeister
Also Mentioned on This Page
Associated Press and Gazette
South
Met-Coil Systems Corp
Akron
Roadway Express Inc
Harnischfeger Drive
Roadway
Big Apple
Great Midwestern Ice Cream Co
Fairfield
Bloomingdale's
Great Midwestern
Ohio Thrift Head Freed
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain
Chrysler Buys Electronics Company
C.R
Gulfstream Aero
Burmeister
West
Harvard
Software Publishing Corporation
Econo-Lodge
16Th Ave
Ee Products
Tare
Edgewood Road
Insight
Scott Lowe Peat
Macintosh Phus
Marshalltown
Apple
Layered, Inc
Apple Computer
Macintosh
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